Membership of the Isle of Man Financial Services Authority

The Transfer of Functions (Isle of Man Financial Services Authority) Order 2015 (“the Order”) states that the Authority shall consist of not less than 7 members appointed by Treasury, subject to the approval of Tynwald. The Order goes on to state that the Chief Executive of the Authority shall also be a member.

The Treasury has appointed the following persons to be members of the Authority:


Lillian Boyle (Chair)

Lillian was previously a Member of the Isle of Man Insurance and Pensions Authority, having been appointed in April 2012.  She was appointed Deputy Chair of the Financial Services Authority in November 2015 and Chair in June 2018.  She is a lawyer, a Chartered Fellow of the Securities & Investment Institute, a Fellow of the Chartered Insurance Institute (CII) and a Chartered Insurer, as well as a Trust & Estate Practitioner.

Having been Managing Director and Chairman of Isle of Man based International Life Companies Lillian has held various non-executive roles in the investment and trust sectors on the Island as well as in UK life assurance. She has been a member of the UK Financial Reporting Council’s Conduct Committee being particularly involved in the oversight of Audit Quality Review work and has also been Chairman of several Audit & Risk Committees as well as local professional and educational bodies.

She is a former UK President of the CII and currently sits on professional standards and ethics committees and is a Trustee Director of a UK based charity.   

Bettina Roth (Chief Executive)

Bettina Roth was appointed Chief Executive Officer of the Isle of Man Financial Services Authority in October 2021.

Bettina brings a wealth of international experience to the role having demonstrated a strong track record of professional achievement in both the regulatory and private sectors.

For the last 23 years, Bettina has held senior roles at the Cayman Islands Monetary Authority, Abu Dhabi Global Market and the Office of the Superintendent of Financial Institutions. She also completed a secondment with the Office of the Comptroller of the Currency (OCC) in New York as part of the Citibank supervision team.

While Bettina had broad responsibilities in her roles, her focus in the last few years has been on automation of key processes and risk-based methodology. Prior to her regulatory roles, Bettina worked for Ernst &Young in Canada and Australia.

Bettina holds a Bachelor of Commerce from the University of Toronto and a Masters of Business Administration from Queen’s University in Canada. She is also a Chartered Accountant, Project Management Professional and Certified Anti-Money Laundering Specialist.

Jane McAndry (Member)

Jane qualified as a Scottish solicitor and was a lecturer in law before moving to the Isle of Man in 1987.  Following a number of years in legal practice, she was appointed as a director of an Isle of Man Corporate and Trust Service Provider before joining the then Financial Supervision Commission as Head of Companies and later Head of the Policy and Legal Unit.  Subsequently, Jane was employed by the Fiera Capital Group (previously the Charlemagne Capital Group) where she held a number of roles, including acting as director and company secretary of AIM quoted Charlemagne Capital Limited.


Jane was closely involved in the establishment of the Association of Corporate Service Providers and is a Member of the Institute of Directors and the Institute of Management.  She was also a Governor of King William’s College and The Buchan School for a number of years.

Kevin Garland (Member)

Kevin was appointed in February 2020.

Immediately prior to joining the Authority, Kevin was Chief Information Officer and part of the Senior Leadership team of the Central Bank of Ireland. He had overall responsibility for IT, during his tenure he authored the Bank’s data strategy which led to significant investment in information security, regulatory and statistical data management, and the introduction of a comprehensive document management system and framework.

Prior to the Central Bank, Kevin was CIO in Aviva where he reported to the Group CEO of Ireland and had overall responsibility for IT in Aviva’s Life and Pensions, General Insurance and Health Insurance and was a member of the senior management team. His responsibilities covered IT change portfolio management, application development, testing, IT operations, infrastructure and communications, business protection and sales distribution and operations technology support.

Prior to joining Aviva, Kevin was with Irish Life Assurance for 20+ years.  During this time, he was Head of IT for Irish Life UK and Executive Team member for the establishment of Irish Life International.

Peter Hahn (Member)

Pete was appointed in February 2020.

Pete is a member of the governing council of The Association of Corporate Treasurers.  He retired as Dean and Professor of Banking at The London Institute of Banking & Finance in 2020 having previously taught at Cass Business School.  Pete was Senior Advisor to Bank of England Prudential Regulatory Authority (and its predecessor the UK Financial Services Authority) from 2009-2014.  From 1980-2004, he worked in a range of industry roles in North America and Europe spanning consumer to investment banking lastly as Managing Director and Citigroup’s Senior Corporate Finance Officer for the United Kingdom.  From 2015-2018, he was a non-executive member of Seven Investment Management’s Asset Allocation Committee.

Pete received a PhD in Finance from City University of London’s Cass Business School, an MBA from New York University’s Graduate School of Business Administration, and a BA from Drew University.   In addition to teaching qualifications, he completed the US General Securities Representative Exam (NASD/FINRA Registered Representative) and the former UK Corporate Finance (SFA) Qualification.

Leam Thompson (Member)

Leam was called to the Bar of England and Wales in 1997.  Since 1999, Leam has worked for the United Nations Office on Drugs and Crime, a number of UK Government regulatory and enforcement authorities, global accounting networks and various foreign governments on recovering the Proceeds of Crime, combined with the development of Anti-Money Laundering and Anti-Corruption capacity.  

Leam’s working life began with secondments from Chambers to the Securities & Futures Authority (forerunner to the UK’s Financial Conduct Authority).  From here she was seconded to the Central Confiscation Branch of the Criminal Prosecution Service and later the Asset Recovery Unit of HM Revenue & Customs.

With significant experience in the design and implementation of controversial financial crime legislation, Leam has enjoyed extensive public and private sector engagement in Europe and Eastern and Southern Africa.  Since 2019 Leam’s work has focused on countering illicit financial flows which has included the design and build out of the International Centre of Excellence on IFFs.

Mark Waterhouse (Member)

Mark was appointed in November 2015.  He has held a number of key positions in banking including Managing Director of Halifax International (Isle of Man) Limited and Managing Director of Halifax International Limited in Jersey. He is currently Non Executive Director of ZBI Limited, which was formerly Zurich Bank International Limited. Mark was CEO of this bank until 2017.

Since moving to the Isle of Man in 1997 Mark has been an active member of the Isle of Man Bankers Association and until October 2015 held its Presidency, a position he held for nearly five years, having previously held the same position in 2000. He was also President of the Isle of Man Centre of the London Institute of Banking & Finance until July 2019 and is a Fellow of the Institute of Directors and currently serves on the Committee of its local branch in the Isle of Man.

Jo Hill (Member)

After an early career in financial advice, pensions and insurance Jo has dedicated the past 18 years of her career to regulation.  Most recently Jo was the inaugural Executive Director for Strategy and Risk at the Pensions Regulator where she developed the 15 year Corporate Strategy and developed the risk management, data and analysis functions.  Prior to this Jo spent 15 years with the Uk FCA and FSA in a variety of roles spanning supervision, enforcement and authorisations.  In her final role as director of Market Intelligence, Data and Analysis at the FCA Jo led the development of the FCA’s approach to Regtech innovation, use of data and consumer insight developing the first of a kind Financial Lives Survey.  Jo is a Commissioner at the UK Gambling Commission and a Trustee of the Money and Mental Health Policy Institute. 

Lucy McClements (Member)

Appointed in July 2021, Lucy has a portfolio of interests across consulting, coaching, and Non-executive Directorships in both the commercial and not-for-profit sectors.   Passionate about harnessing the benefits of innovation and technology she is a mentor at Level 39, Canary Wharf’s fintech incubator, and a NED at Fire Financial UK, a fast growing technology-led regulated e-money provider.  Lucy also sits on the Boards of the Mansfield Building Society and a Multi-Academy Trust.  Much of her experience comes from almost two decades as a UK financial services regulator across all sectors (banking, insurance, investment firms, payment services/e-money, and consumer credit) on both prudential and conduct of business issues in roles spanning Authorisation, Supervision, Operations, and Risk.  Before leaving the FCA in 2016 Lucy was a Head of Department and senior decision maker on applications for authorisation from firms and individuals, including applications received through their Innovation Hub.  Alongside her non-executive roles she consults with clients on Board Effectiveness and preparing for regulatory interviews. 

Lucy is a Fellow of the Association of Chartered Certified Accountants (ACCA) and a qualified Executive Coach.


The direct interests of Members in entities which are overseen by the Authority, and which are required to be published under the Code of Conduct, can be found here.